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Derivative Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Fair Value of Derivative Financial Instruments | The following tables summarize the fair value of derivative financial instruments utilized by Horizon:
|  | Asset Derivatives |  |  | Liability Derivatives |
|  | September 30, 2019 |  |  | September 30, 2019 |
|  | Balance Sheet Location |  |  | Fair Value |  |  | Balance Sheet Location |  |  | Fair Value |
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  |  | Loans |  |  | $ | 17,713 |  |  |  | Loans |  |  | $ | — |
Interest rate contracts |  |  | Other Assets |  |  |  | — |  |  |  | Other liabilities |  |  |  | 23,343 |
Total derivatives desginated as hedging instruments |  |  |  |  |  |  | 17,713 |  |  |  |  |  |  |  | 23,343 |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loan contracts |  |  | Other assets |  |  |  | 266 |  |  |  | Other liabilities |  |  |  | 228 |
Total derivatives not designated as hedging instruments |  |  |  |  |  |  | 266 |  |  |  |  |  |  |  | 228 |
Total derivatives |  |  |  |  |  | $ | 17,979 |  |  |  |  |  |  | $ | 23,571 |
|  | Asset Derivatives |  |  | Liability Derivatives |
|  | December 31, 2018 |  |  | December 31, 2018 |
|  | Balance Sheet Location |  |  | Fair Value |  |  | Balance Sheet Location |  |  | Fair Value |
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  |  | Loans |  |  | $ | — |  |  |  | Loans |  |  | $ | 42 |
Interest rate contracts |  |  | Other Assets |  |  |  | 42 |  |  |  | Other liabilities |  |  |  | 1,760 |
Total derivatives desginated as hedging instruments |  |  |  |  |  |  | 42 |  |  |  |  |  |  |  | 1,802 |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loan contracts |  |  | Other assets |  |  |  | 135 |  |  |  | Other liabilities |  |  |  | — |
Total derivatives not designated as hedging instruments |  |  |  |  |  |  | 135 |  |  |  |  |  |  |  | — |
Total derivatives |  |  |  |  |  | $ | 177 |  |  |  |  |  |  | $ | 1,802 |
Effect of Derivative Instruments on Condensed Consolidated Statement of Income Derivative in Cash Flow Hedging Relationship | The effect of the derivative instruments on the condensed consolidated statements of income for the three and nine-month periods ending September 30 is as follows:
|  | Amount of Loss Recognized in Other Comprehensive Income on Derivative (Effective Portion) |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2019 |  |  | September 30, 2018 |  |  | September 30, 2019 |  |  | September 30, 2018 |
Derivatives in cash flow hedging relationship |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | $ | (682 | ) |  | $ | 505 |  |  | $ | (3,058 | ) |  | $ | 1,384 |
Effect of Derivative Instruments on Consolidated Statement of Income Derivative in Fair Value Hedging Relationship |
|  | Location of gain (loss) |  |  | Amount of Gain (Loss) Recognized on Derivative |
| Three Months Ended |  |  | Nine Months Ended |
|  | recognized on derivative |  |  | September 30, 2019 |  |  | September 30, 2018 |  |  | September 30, 2019 |  |  | September 30, 2018 |
Derivative in fair value hedging relationship |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | Interest income - loans |  |  | $ | (6,091 | ) |  | $ | 2,768 |  |  | $ | (17,671 | ) |  | $ | 574 |
Interest rate contracts |  | Interest income - loans |  |  |  | 6,091 |  |  |  | (2,768 | ) |  |  | 17,671 |  |  |  | (574 | )
Total |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | Location of gain (loss) |  |  | Amount of Gain (Loss) Recognized on Derivative |
| Three Months Ended |  |  | Nine Months Ended |
|  | recognized on derivative |  |  | September 30, 2019 |  |  | September 30, 2018 |  |  | September 30, 2019 |  |  | September 30, 2018 |
Derivative not designated as hedging relationship |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage contracts |  | Other income - gain on sale of loans |  |  | $ | (429 | ) |  | $ | 112 |  |  | $ | (97 | ) |  | $ | 195 |

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- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
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